Finsbury is “cooperating fully” with the UK’s Financial Conduct Authority’s investigation into insider trading, according to a report in the Financial Times.
The FCA interviewed a driver for Roland Rudd, founder and chairman of the WPP unit. He has not been charged with any crime.
The firm is “cooperating fully with the FCA’s investigation,” James Murgatroyd, Finsbury managing partner, wrote in a memo to staffers.
“You know how seriously we take our adherence to the highest standards of ethics and governance — this is paramount for our clients' trust in highly important and sensitive situations. It is everyone's personal responsibility to uphold these standards,” wrote Murgatroyd.
The driver has not worked at Finsbury since the FCA interview took place eight months ago, though he remains employed by the firm.
Rudd, an advisor to WPP chairman Roberto Quarta, wrote for the Financial Times before launching Finsbury in 1994. The firm merged with Robinson Lerer & Montgomery in 2011.